Of course! but... you might want to make sure and wait for another member here to confirm this as I am on the fence. Better yet, why don't you ask the Lending Tree guys because they can give you help better...

The best thing is call the OC and tell them you will pay the full amount you owe plus interest if they will delete the tradeline...

Borrowing from tnobles...Dr. Doolittle [],.

Stop posting this irresponsible advice over and over, shame on you again..

JHN27, have you requested validation?.

Sassy..

Sassy,.

If you owe the money pay it.Dont try and SCREW the company out of the money.When the company gave credit they expect you to pay it back..

The above is the reason the credit card companies is only giving $200 and $300 CL...

Dr. EmptyBrackets,.

What gives you the right to assume I don't pay money I owe? AND more importantly, where did I type EVER that monies owed shouldn't be paid, won't be paid, ought not be paid....

NEVER that's where, never have I typed it, ever..

And your last assumption, why do you assume requesting validation equates not paying monies owed and a screwing?.

Validation is my legal right, it's not a screwing, it prevents me, the consumer, from being screwed..

Keep the records you are required to keep, Dr. EmptyBrackets, then you'd not have to worry about someone exercising their rights as a consumer. There's the part that scares you, yes? Validation requires that creditors keep records, a common sense business practice..

Prove it or remove it, those are the rules..

[].

Sassy..

Thanks for your replies..

No, Sassy, I haven't done a validatation letter to them. Should I send it to Zenith Aquisition or the OC..

The OC is the only one showing on my report at this time as a charge-off...

Validation is a process for the CA, most OC will ignore these request because the law is not directed at them..

Thanks! I will send Zenith an validation letter and see what happens. Is it possible to ever get the OC off my report as a chargeoff?!!!..

JHN27,.

Dep is right validation is for CA's under the FDCPA. You can however send the OC that is listing a version of that letter citing instead their responsibility under FCRA 623 to only report accurate, complete, updated and VERIFIABLE information..

Dispute the information and ask them to verify what they are reporting. They are then required to mark the information as disputed by the consumer. Investigate, update and/or delete and do the same with all CRA's they originally reported to. So all your reports should read the same, exactly, likely they don't..

At some point you'll need to dispute with the CRA's as well see how they respond to your initial letter firstly and if they mark the tradeline as disputed. Likely they won't and you can use that then for leverage..

So, verification letter for the OC validation letter for the CA (Zenith), that should keep them from reporting..

623 is below..

Sassy.

623. Responsibilities of furnishers of information to consumer reporting agencies [15 U.S.C. 1681s-2].

(a) Duty of furnishers of information to provide accurate information..

(1) Prohibition..

(A) Reporting information with actual knowledge of errors. A person shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or consciously avoids knowing that the information is inaccurate..

(B) Reporting information after notice and confirmation of errors. A person shall not furnish information relating to a consumer to any consumer reporting agency if.

(i) the person has been notified by the consumer, at the address specified by the person for such notices, that specific information is inaccurate; and.

(ii) the information is, in fact, inaccurate..

(C) No address requirement. A person who clearly and conspicuously specifies to the consumer an address for notices referred to in subparagraph (B) shall not be subject to subparagraph (A); however, nothing in subparagraph (B) shall require a person to specify such an address..

(2) Duty to correct and update information. A person who.

(A) regularly and in the ordinary course of business furnishes information to one or more consumer reporting agencies about the person's transactions or experiences with any consumer; and.

(B) has furnished to a consumer reporting agency information that the person determines is not complete or accurate, shall promptly notify the consumer reporting agency of that determination and provide to the agency any corrections to that information, or any additional information, that is necessary to make the information provided by the person to the agency complete and accurate, and shall not thereafter furnish to the agency any of the information that remains not complete or accurate..

(3) Duty to provide notice of dispute. If the completeness or accuracy of any information furnished by any person to any consumer reporting agency is disputed to such person by a consumer, the person may not furnish the information to any consumer reporting agency without notice that such information is disputed by the consumer..

(4) Duty to provide notice of closed accounts. A person who regularly and in the ordinary course of business furnishes information to a consumer reporting agency regarding a consumer who has a credit account with that person shall notify the agency of the voluntary closure of the account by the consumer, in information regularly furnished for the period in which the account is closed..

(5) Duty to provide notice of delinquency of accounts. A person who furnishes information to a consumer reporting agency regarding a delinquent account being placed for collection, charged to profit or loss, or subjected to any similar action shall, not later than 90 days after furnishing the information, notify the agency of the month and year of the commencement of the delinquency that immediately preceded the action..

(b) Duties of furnishers of information upon notice of dispute..

(1) In general. After receiving notice pursuant to section 611(a)(2) [ 1681i] of a dispute with regard to the completeness or accuracy of any information provided by a person to a consumer reporting agency, the person shall.

(A) conduct an investigation with respect to the disputed information;.

(B) review all relevant information provided by the consumer reporting agency pursuant to section 611(a)(2) [ 1681i];.

(C) report the results of the investigation to the consumer reporting agency; and.

(D) if the investigation finds that the information is incomplete or inaccurate, report those results to all other consumer reporting agencies to which the person furnished the information and that compile and maintain files on consumers on a nationwide basis..

(2) Deadline. A person shall complete all investigations, reviews, and reports required under paragraph (1) regarding information provided by the person to a consumer reporting agency, before the expiration of the period under section 611(a)(1) [ 1681i] within which the consumer reporting agency is required to complete actions required by that section regarding that information..

(c) Limitation on liability. Sections 616 and 617 [ 1681n and 1681o] do not apply to any failure to comply with subsection (a), except as provided in section 621(c)(1)(B) [ 1681s]..

(d) Limitation on enforcement. Subsection (a) shall be enforced exclusively under section 621 [ 1681s] by the Federal agencies and officials and the State officials identified in that section...

Re: Zenith Aquisitions.

Doctorlite | 42 posts since Dec 2002 68.104.99.46 | 01.02.2003 @ 22:28.

The best thing is call the OC and tell them you will pay the full amount you owe plus interest if they will delete the tradeline..

======================================.

No it isn't Dock Quack Little..

The thing to do is send the CA a Val. letter crrr..

~~~~~~~~~~~~~~~~~~~.

Why's this troll still on here? - He's under the wrong bridge!.

LB 59..

I was going to send a letter with what I could settle for at this time..

JHN27.

No don't do that.

BIG MISTAKE.

LB 59..

Sassy,.

If you owe the money pay it.Dont try and SCREW the company out of the money.When the company gave credit they expect you to pay it back..

The above is the reason the credit card companies is only giving $200 and $300 CL..

Doctor QuackLittle.

====================.

Time for you to get back under your own BRIDGE..

LB 59..

Sassy.

====================.

He can't hear you for the roar of the water going under the bridge..

LB 59..

If you settle settle good.

Offer 30%.

1099 for the balance and 0 bal paid in full.

This way your credit will be clean and they can't come after you for the diff and if anyone adds it to your CR you have an instant case for court..

Make sure you put in language that is is the (whoever)s agree's problem to remove all the derogs from all agencies within 30 days of setllement..

The pitch is hey thats all I have if I cannot get the settlement as described I will not borrow the money as I cannot get a job to pay the money back until this is resolved...

You may find some verbage here.

Http://www.creditcourt.com..

LOL LBrown,.

TY, he had no intention of hearing or speaking or discussing, just stirring! I'm sure I heard on the news of a flash flood heading straight for that bridge!!!!!!!!!.

Whooooooooooooooooosh.

Sassy..